IDEX (IEX) to Release Quarterly Earnings on Tuesday

IDEX (NYSE:IEX) is expected to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $868,106.33 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $2.12 earnings per share. On average, analysts expect IDEX to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

IDEX Price Performance

IEX stock opened at $221.51 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11. The company’s 50-day moving average is $219.26 and its 200-day moving average is $211.51. The stock has a market capitalization of $16.77 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. IDEX has a 1 year low of $189.51 and a 1 year high of $246.36.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a yield of 1.25%. IDEX’s payout ratio is currently 42.72%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IEX. Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup decreased their target price on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird cut their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada increased their price objective on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $242.86.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.